Is this the building tectonic pressure that's going to release the tidal wave? See recent CNN-online article.

Points of interest:

- 42% of people are buying houses with nothing down

- Only 10% of people are buying houses with the traditional 20% down -- most are using piggy-back loans to get to the 20% down payment. Problem? The rate on the piggy-back loan is variable (meaning they're fucked once rates start to rise if they can't sell their house, two factors which would seem to covary strongly in a market collapse). I wonder if they limit paying off the loan all at once.

- You can now get a loan where the monthly payment is less than the interest on the loan (the less-than-interest loan)!

Note to self: short lendingtree.com, invest in the foreclosure/collections/repossession sector